In the week of January 19, electricity demand rose in most major European markets compared to the previous week. The Portuguese market recorded the largest increase at 4.8%, followed by Germany with a 4.3% rise. The Spanish market saw the smallest increase, 0.1%, while France and Italy registered rises of 3.2% and 1.2%, respectively. Both the German and Italian markets marked their fourth consecutive week of growth, while markets on the Iberian Peninsula accumulated increases for the third consecutive week.
In contrast, the British and Belgian markets recorded declines in demand compared to the previous week. Belgium saw the smallest drop, 0.2%, while Great Britain experienced the largest decline at 4.2%.
During the week, the Portuguese market set several demand records due to low temperatures, reaching its highest value on January 23, with a historical maximum consumption of 198 GWh.
In the fourth week of January, average temperatures fell in most analyzed markets compared to the previous week. Germany recorded the largest drop at 4.8 °C, while Spain and Italy showed similar weekly averages as the previous week. Great Britain experienced temperatures 1.4 °C warmer than the week before.
For the week of January 26, according to AleaSoft Energy Forecasting’s demand projections, electricity demand is expected to increase in Great Britain, France, Portugal, Belgium, and Italy, while it is forecasted to decrease in Germany and Spain, AleaSoft reports.